Taruga Minerals Limited · ASX:TAR
Taruga Minerals — Q3 2022 Earnings Presentation
17 slides from Taruga Minerals's earnings presentation, Nov 1, 2022
Slide 1: Rare Earths & Copper in South Australia – Quarterly Presentation
For personal use only Rare Earths & Copper in South Australia Quarterly Presentation November 01 2022
Slide 2: Corporate Overview
CORPORATE OVERVIEW Rare Earths and Copper Explorers Share Price and Volume (May - Oct 2022) For personal use only Capitalisation Data(1) A$0.032 580M A$0.65M Share Price Basic S/O Receivables (3) ~A$19M A$1.9M ~A$17M Market Cap Net Cash(2) EV Board & Management THOMAS LINE GARY STEINEPREIS CEO Non-E
Slide 3: Rare Earths & Copper in SA
RARE EARTHS & COPPER IN SA JORC REE Resource Drilling to Commence Q1 2023 For personal use only Great infrastructure (power, rail and ports) Mt Craig Project Clay Hosted REEs (1500km2 100% TAR) • A new high-value REE province is being uncovered by Taruga, in the underexplored Adelaide Fold Belt • Co
Slide 4: Mt Craig Project
For personal use only MT CRAIG PROJECT High-Grade REEs & Copper 4
Slide 5: Project Summary – Mt Craig Project
PROJECT SUMMARY MT CRAIG PROJECT (100% TAR) For personal use only Sed-copper and clay-hosted rare earths • Large 1,500km2 project (100% TAR) • The largest diapiric breccia (150km2) system in Australia – the Worrumba Diapir (endowed with high value magnet REEs and copper) • 34km of strike prospective
Slide 6: Morgan's Creek High Grade Clay Hosted REEs
For personal use only Morgan’s Creek High Grade Clay Hosted REEs up to 0.91% TREO Mapped Yednalue • High grade clay hosted REEs discovered in the Yednalue formation formation • Initially tested at Hydrothermal Hill where significant REE grades have been identified from surface to EOH • Successful dr
Slide 7: Morgan's Creek REEs – New Discovery Advancing to JORC Resource
For personal use only MORGAN’S CREEK REE’S New Discovery –Advancing to JORC Resource • Surface mineralisation + high basket value + low deleterious elements + thick mineralisation = strong project fundamentals • Early evaluation of REE potential has identified numerous targets, including high grade
Slide 8: Distribution of Rare Earth Oxide Elements
DISTRIBUTION OF RARE EARTH OXIDE ELEMENTS For personal use only MORGAN’S CREEK REE basket - Standing Out from the Pack • Exceptional Basket and strong metallurgical indicators • High MREO (Nd + Pr + Dy + Tb) content (34% MREO average) above the 25% MREO market average compared to peers • High Tb2O3
Slide 9: Morgan's Creek Next Steps
For personal use only MORGAN’S CREEK Next Steps • Metallurgical work with ANSTO to optimize a commercial flowsheet • Next phase of drilling (RAB and RC) • Define maiden JORC resource at Morgans Creek, targeting Yednalue formation • Maiden JORC resource by Q4 2023 (6,000 - 8,000m RAB + RC) • Regional
Slide 10: Flinders Project
For personal use only FLINDERS PROJECT Iron-Oxide-Copper-Gold (IOCG) Cu-Au-Ag 10
Slide 11: Project Summary – Flinders & Torrens IOCG Projects
PROJECT SUMMARY FLINDERS & TORRENS IOCG PROJECTS For personal use only High-grade IOCG targets over 15km of strike • Well defined drill targets over 15km of strike at Flinders • ~ 1500km2 land position • Power and Rail on lease • Outcropping high-grade IOCG breccias (Cu-Au-Ag) supported by strong gr
Slide 12: Flinders IOCG Project – Surface Mineralisation
For personal use only FLINDERS IOCG PROJECT Surface mineralisation over a strike-length of 15km • The Flinders Project sits on the eastern margin of the Gawler Craton and is dominated by a series of major thrusts and faults • Priority-1 prospects – Woolshed and Jenkins • Cu-Au-Ag mineralised hematit
Slide 13: Upcoming Catalysts
For personal use only UPCOMING CATALYSTS • ANSTO metallurgical test results (late Nov/early Dec) • Commence phase 2 (start of JORC) drilling at Morgans Creek (early Q1 2023) • REE assay results (mid-late Q1) • Phase 2 metallurgical sample results (ANSTO) (late Q1) • Regional REE exploration target d
Slide 14: Take Home Messages
For personal use only TAKE HOME MESSAGES • New REE discovery – working toward JORC in 2023 • Pipeline of regional REE and Copper targets • Strong land position ~ >4000km2 • Large unexplored strike with significant new discovery potential • Discovery focussed active explorers with a strong ESG framew
Slide 15: Appendix
For personal use only APPENDIX Appendix
Slide 16: Competent Person Statement & Disclaimer
Competent Person Statement & Disclaimer The information contained in this presentation has been prepared by Taruga Minerals Limited (Company). For personal use only Competent Person Statement The information in this report that relates to exploration results is based on, and fairly represents inform
Slide 17: Contact
For personal use only Contact Thomas Line Chief Executive Officer Thomas.line@tarugaminerals.com.au +61 8 9486 4036 Website: www.tarugaminerals.com.au LinkedIn: taruga-minerals-limited Twitter: @MineralsTaruga